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Banner (Banner) Cyclically Adjusted Price-to-FCF : 9.39 (As of Apr. 27, 2024)


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What is Banner Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Banner's current share price is $45.36. Banner's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.83. Banner's Cyclically Adjusted Price-to-FCF for today is 9.39.

The historical rank and industry rank for Banner's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BANR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.07   Med: 6.44   Max: 16.78
Current: 9.4

During the past years, Banner's highest Cyclically Adjusted Price-to-FCF was 16.78. The lowest was 2.07. And the median was 6.44.

BANR's Cyclically Adjusted Price-to-FCF is ranked worse than
63.94% of 832 companies
in the Banks industry
Industry Median: 7.405 vs BANR: 9.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Banner's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.874. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banner Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banner's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Banner Cyclically Adjusted Price-to-FCF Chart

Banner Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.15 12.43 14.60 13.87 11.10

Banner Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.87 11.61 9.32 8.79 11.10

Competitive Comparison of Banner's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Banner's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Banner's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banner's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Banner's Cyclically Adjusted Price-to-FCF falls into.



Banner Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Banner's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.36/4.83
=9.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Banner's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banner's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.874/129.4194*129.4194
=1.874

Current CPI (Dec. 2023) = 129.4194.

Banner Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.975 99.695 1.266
201406 0.989 100.560 1.273
201409 1.299 100.428 1.674
201412 1.480 99.070 1.933
201503 0.195 99.621 0.253
201506 1.298 100.684 1.668
201509 0.476 100.392 0.614
201512 -1.075 99.792 -1.394
201603 0.519 100.470 0.669
201606 -1.069 101.688 -1.361
201609 0.707 101.861 0.898
201612 -2.941 101.863 -3.737
201703 5.514 102.862 6.938
201706 1.665 103.349 2.085
201709 0.983 104.136 1.222
201712 1.974 104.011 2.456
201803 -2.455 105.290 -3.018
201806 3.219 106.317 3.918
201809 1.521 106.507 1.848
201812 -1.915 105.998 -2.338
201903 4.572 107.251 5.517
201906 -2.425 108.070 -2.904
201909 -0.710 108.329 -0.848
201912 2.071 108.420 2.472
202003 1.388 108.902 1.650
202006 -1.149 108.767 -1.367
202009 3.377 109.815 3.980
202012 -0.440 109.897 -0.518
202103 9.069 111.754 10.503
202106 -0.161 114.631 -0.182
202109 0.255 115.734 0.285
202112 -0.932 117.630 -1.025
202203 1.369 121.301 1.461
202206 1.759 125.017 1.821
202209 1.080 125.227 1.116
202212 2.277 125.222 2.353
202303 2.111 127.348 2.145
202306 1.154 128.729 1.160
202309 1.902 129.860 1.896
202312 1.874 129.419 1.874

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Banner  (NAS:BANR) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Banner Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Banner's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Banner (Banner) Business Description

Industry
Traded in Other Exchanges
N/A
Address
10 South First Avenue, Walla Walla, WA, USA, 99362
Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. Banner Bank also actively participates in the secondary mortgage market. A significant portion of the banks' portfolio is in residential construction and land loans to professional home builders and developers. Most of its revenue is net interest income.
Executives
Mclean James P.g. officer: Executive Vice President 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Karen Harrison officer: Executive VP, Banner Bank 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Roberto R Herencia director P.O. BOX 9146, SAN JUAN PR 00908
John Clarence Pedersen director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Kevin F Riordan director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Robert Butterfield officer: Executive VP 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Kenneth William Johnson officer: Executive VP, Banner Bank 235 E. MAIN STREET, MIDLAND MI 48640
Margot Copeland director 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Paul J. Walsh director 10 S. FIRST AVENUE, WALLA WALLA WA 99362
David I Matson director C/O UNIONBANCAL CORP, 400 CALIFORNIA STREET, SAN FRANCISCO CA 94104
James M Costa officer: Executive VP, Banner Bank 200 LAKE STREET EAST, WAYZATA MN 55391-1693
Sherrey Luetjen officer: Executive VP 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Peter Conner officer: Executive VP, Banner Bank 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven W Rust officer: Executive Vice President 10 SOUTH 1ST AVENUE, WALLA WALLA WA 99362
Ellen Rm Boyer director 111 NORTH WALL STREET, SPOKANE WA 99201